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Resolution of the Mayor and Council of Princeton Approving Utilizing Funds from the Affordability Assistance Trust Fund for Emergency HVAC Repairs
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WHEREAS, pursuant to the Fair Housing Act (P.L. 1985, c. 222), municipalities in the State of New Jersey are required to provide their fair share of housing that is affordable to very-low-, low-, and moderate-income households in accordance with the provisions of the act; and
WHEREAS, pursuant to N.J.A.C. 5:99-2.1 of the New Jersey Uniform Housing Affordability Controls ("UHAC") municipalities in compliance with the Fair Housing Act are required to maintain a municipal affordable housing trust fund; and
WHEREAS, pursuant to N.J.A.C. 5:99-2.3 of UHAC, a municipality may utilize affordable housing trust funds for any housing activity itemized in its spending plan and approved by a Court of competent jurisdiction; and
WHEREAS, Princeton has an established municipal affordable housing trust fund, in accordance with UHAC; and
WHEREAS, on November 19, 2020, the Superior Court of New Jersey approved Princeton's Spending Plan as part of its cumulative third round Mount Laurel affordable housing obligations, granting Princeton a Judgment of Compliance and Repose on December 10, 2020; and
WHEREAS, the Court-Approved Spending Plan includes the utilization of funds from the affordable housing trust fund for purposes of the rehabilitation of affordable housing units; and
WHEREAS, the Griggs Farm Community ("Griggs Farm") is an inclusionary community within Princeton, which was approved as part of the former Township of Princeton's Prior Round affordable housing obligation by the Council on Affordable Housing; and
WHEREAS, Griggs Farm provides one hundred and forty (140) affordable homes within the municipality, including seventy (70) affordable rental homes; and
WHEREAS, Princeton Community Housing ("PCH") is the developer and provider for Griggs Farm; and
WHEREAS, the U.S. Department of Housing and Urb...
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